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China's current anti-inflation measures in nurturing an electricity supply crisis

机译：中国目前的抗通胀措施在培育电力供应危机

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This report examines the potential impacts of anti-inflation measures on the power sector in China. Price control measures implemented include maintaining on-grid tariff levels even though operating costs are increasing substantially. As a result, stocks have dropped to about one half their previous value. In addition, a one-fourth reduction in power project investments is scheduled. The resulting postponement of new generating capacity is projected to result in a shortfall of 7 to 10 GW per year. The economic impact of foreign investment in China's power industry is also examined, and recommendations are made for policy reform. 10 refs., 3 figs.

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